Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h —

Price spread now: Paradex against Arcus+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.025% dearer against Arcus than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	737.68	0.0209	pay 0.0026% / 1h	43m 15s	$110K	$292K	10x
Short	Paradex META-USD-PERP	737.86	0.0065	get 0.0065% / 8h	4h 43m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee ParadexbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$30.21
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$36.25
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 63 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 63 min ago	2.09 bp	4.5 bp −$4	8.4 bp −$84	14.5 bp −$1,453	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 37 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff META-PERP	−0.1600%	1h	738.73	+0.142%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	738.18	+0.068%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.79	+0.151%	$478K	$654K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	737.87	+0.025%	$544K	$3.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.13	+0.061%	$25.0M	$192.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.06	+0.052%	$7.4M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	737.83	+0.020%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	737.76	+0.011%	$491K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.09	+0.056%	$5.9M	$12.5M	100x	as long as short
Variational Omni META	0.0000%	8h	737.95	+0.036%	$2.6M	$3.1M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	738.15	+0.064%	$12K	$420K	10x	as long as short
SunX META-USDT	0.0000%	8h	738.34	+0.089%	$806	$6.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.67	−0.001%	$36K	$209K	10x	as long as short
HTX META-USDT	0.0000%	8h	737.89	+0.028%	$107K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	738.64	+0.130%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	738.20	+0.070%	$854K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.36	+0.092%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.11	+0.058%	$177K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	737.73	+0.007%	$556K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	737.92	+0.033%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	737.44	−0.033%	$752K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	737.95	+0.037%	$2.2M	$14.0M	10x	as long as short
Nado META-PERP	+0.0061%	1h	737.75	+0.009%	$473K	$536K	20x	as long as short
Paradex META-USD-PERPshort	+0.0065%	8h	737.86	+0.025%	—	—	5x
Aftermath Perps METAUSD	+0.0080%	1h	738.63	+0.129%	$53K	$84K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	737.36	−0.043%	$671K	$7.4M	10x	as long as short
Pacifica META	+0.0100%	1h	738.07	+0.052%	$611	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.13	+0.061%	$1.6M	$942K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.26	−0.057%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.01	+0.045%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	737.80	+0.016%	$266	—	10x	as long as short
Arcus META-USDlong	+0.0209%	1h	737.68	long leg	$110K	$292K	10x
Injective META/USDC PERP	+0.0220%	1h	740.03	+0.319%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0257%	1h	737.92	+0.033%	$86.7M	$136.4M	20x	as long as short
Lighter META	+0.0288%	1h	738.22	+0.073%	$1.2M	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0590%	4h	737.95	+0.037%	$62K	$352K	10x	as long as short
Phoenix META	+0.0626%	1h	738.77	+0.148%	$789K	$1.6M	20x	as long as short